Startup Hugging Face Seeks to Cut AI Costs
The Hugging Face startup on Wednesday, October 23, announced that it is releasing a new open-source software offering with Amazon.com, Alphabet’s Google, and others.
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Morgan Stanley Expands OpenAI-Powered Chatbot Tools to Wall Street Division
Morgan Stanley is expanding the practice of using artificial intelligence tools powered by OpenAI technology in its investment banking and trading unit.
Deutsche Bank Shares Decline Amid Its Earnings
On Wednesday, October 23, the value of Deutsche Bank shares was on a downward trajectory, as the return of this financial institution to profit in the third quarter of the current year did not turn out to be something that impresses or could potentially impress.
IMF Warns of Increasing Risks for Global Growth
Experts from the International Monetary Fund (IMF) have revised down their forecast for the dynamic of global economic growth next year.
Amazon Reportedly to Shut Down Speedy Brick-and-Mortar Delivery Service
The media released information according to which Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers.
Bank of America Allows Companies to Lock in FX Rates
Bank of America began to allow companies to lock in foreign exchange (FX) rates for up to one year.
BNY and Mizuho Bank to Provide Trade Services in Asia
The Bank of New York Mellon Corp. (BNY) and Mizuho Bank cooperate to provide trade services to corporate clients in Asia.
IBM Releases New AI Models for Businesses
IBM on Monday, October 21, presented the latest version of its artificial intelligence models aimed at businesses.
Chinese Banks Cut Lending Rates
In China, local financial institutions have cut their benchmark lending rates after the launch of the so-called easing strategy by the Asian country’s central bank last month.
Microsoft to Launch New Autonomous AI Agents
Microsoft will next month provide businesses with the opportunity to make their own autonomous artificial intelligence agents.
Binance Reaches $100T in Cumulative Trading Volume
Binance remains the top cryptocurrency exchange globally by cumulative trading volume after surpassing the threshold of $100 trillion.
Why Is Cash Still King in Most Parts of the World?
While some countries are consistently moving towards cashless economies, cash remains prevalent over other payment methods in several regions globally. What are the reasons for such persistence and what can be done to finally move cash from its pedestal?
Netflix Earnings Exceed Expectations
On Friday, October 18, the value of Netflix shares rose by 11% after the streaming giant on Thursday, October 17, released information about its earnings for the third quarter of the current year, which exceeded the preliminary expectations of experts regarding the dynamic of the corresponding indicator.
TSMC Reports Q3 Earnings
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, has bet on maintaining its steady growth against the background of the results of operations for the third quarter of the current year, which testified that this firm is one of the beneficiaries of the so-called artificial intelligence boom.
Mistral AI Releases New Products
The French startup Mistral AI presented its first models of generative artificial intelligence designed to function on such devices as laptops and smartphones.
US Retail Sales Demonstrate Growth
In September, the United States recorded an increase in consumer spending, which is evidence of the sustainability of the country’s economic system, which is currently getting a boost from the Federal Reserve System.
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